Updated 5+ Days Ago
Highlights
- Air conditioning provided
- Ac provided
- Fridge, stove, microwave provided
Location
403 Locust St, Waterloo, IA 50701, USA|Church Row Historic
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Property Overview
403 Locust Street earns strong marks for overall value, with an 8.5 Zumper Expert Rating, high scores for amenities, location, and quality, and a competitive price point. It also offers practical conveniences like air conditioning, a fridge, stove, and microwave, and stands out for value for money with a nearby top-rated elementary school.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Less expensive
- Laundry available on site
Floor plans
| 403 Locust Street - #7 | 1 bed | 1 bath | $535 /mo | Newly rehabbed 1 bedroom main floor apartment in West Waterloo at 403 Locust St #7. Fridge, Stove, and Microwave provided. Coin laundry on site in basement. Tenant pays gas and electric for their unit. Landlord pays water, sewer, garbage, lawn care, and snow removal. AC provided. - We accept Section 8 on all units - We will conduct a background check - We will check rental history and landlord references - Security deposit is equal to 1.5x the monthly rent |
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Amenities for 403 Locust Street
Building
| Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Application Fee
Per-applicant. Agent application fee.
Contact Property
REQUIRED FEES
Security Deposit
One-time.
Contact Property
Questions about this property’s policies and fees?
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About 403 Locust Street
Updated apartment on 2nd floor. Air conditioning provided. Tenant pays their own gas and electric. Coin laundry available in basement. Owner pays for water, sewer, garbage. Very nice unit that will go quick! *We accept Section 8 on all of our units *We will check rental history and speak with prior landlords
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 403 Locust Street is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 403 Locust Street has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 403 Locust Street is a great option for renters looking for apartments in Church Row Historic. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
403 Locust Street goes above and beyond to provide sought-after conveniences and desirable perks, including onsite laundry. Renters looking for popular or luxurious features will find them here—and for that reason, 403 Locust Street receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
403 Locust Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
403 Locust Street has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
403 Locust Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 403 Locust Street compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Church Row Historic
1-bedroom apartments at 403 Locust Street cost about 11% less than the average rent price for 1-bedroom apartments in Church Row Historic.
Median rents as of Aug 29 2026.
Church Row Historic
Waterloo
| Month | Median Rent |
|---|---|
| September 2024 | $1,183 |
| October 2024 | $1,187 |
| November 2024 | $1,120 |
| December 2024 | $1,106 |
| January 2025 | $1,100 |
| February 2025 | $1,062 |
| March 2025 | $1,100 |
| April 2025 | $1,100 |
| May 2025 | $1,100 |
| June 2025 | $1,072 |
| July 2025 | $975 |
| August 2025 | $1,100 |
| September 2025 | $1,105 |
| October 2025 | $991 |
| November 2025 | $841 |
| December 2025 | $666 |
| January 2026 | $600 |
| February 2026 | $692 |
| March 2026 | $696 |
| April 2026 | $836 |
| May 2026 | $700 |
| June 2026 | $606 |
| July 2026 | $825 |
| August 2026 | $736 |
| Month | Median Rent |
|---|---|
| December 2025 | $590 |
| January 2026 | $550 |
Affordability calculator
Can I afford to live at 403 Locust St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$21,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $21,400 annually to afford this 1-bedroom monthly rent price of $535.
For more information on rent affordability, visit our rent calculator.
Schools near 403 Locust Street
Irving Elementary School
1115 w 5th st
waterloo, IA, 50702
PK, K-5Public
C
Cedar Falls Virtual Campus
1002 w 1st st
cedar falls, IA, 50613
K-12Public
Bess Streeter Aldrich Elementary School
2526 ashworth dr
cedar falls, IA, 50613
PK, K-6Public
A
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Internet available near 403 Locust Street
Neighborhood
Church Row Historic | Waterloo, IA
Getting around Waterloo near 403 Locust St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 403 Locust St, Waterloo
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
4/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
2/10
Closest high school further than a 30-minute walk
Nightlife
6/10
Variety of bars within a short drive
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